Associated Banc-Corp (ASBA) Director Reports 417-Share Acquisition

Rhea-AI Filing Summary

Associated Banc-Corp director Eileen A. Kamerick reported insider acquisitions on 09/15/2025. The filings show two non-derivative transactions: 45 shares acquired at $25.92 and 372 shares acquired at $25.92, both described as dividend equivalent units payable in common stock upon vesting. After these transactions the reported beneficial ownership totals are listed as 50,485 and 50,857 shares respectively. The form is signed by an attorney-in-fact and notes that fully vested dividend equivalents are payable in shares following cessation of board service.

Insights

Financial Analyst

TL;DR Insider received small share amounts via dividend equivalents; transactions are routine and do not indicate a material balance shift.

These are non-derivative acquisitions identified as dividend equivalent units tied to restricted stock units, paid solely in shares on vesting. The total shares acquired on 09/15/2025 equal 417 shares at $25.92 each. Reported beneficial ownership figures provide context on the director's stake but the filing does not disclose broader portfolio or timing strategy. No derivatives, option exercises, or dispositions are reported.

Corporate Governance Expert

TL;DR The filing documents routine compensation-related share accruals for a director, consistent with equity-based director pay practices.

The transactions are described as dividend equivalent units related to restricted stock units, with standard vesting or post-service payout conditions noted. The disclosure is specific about payment in shares and the circumstances for fully vested equivalents after leaving board service. The form is signed by an authorized attorney-in-fact, indicating proper procedural handling of the filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAMERICK EILEEN A

(Last) (First) (Middle)

C/O ASSOCIATED BANC-CORP

433 MAIN STREET

(Street)

GREEN BAY WI 54301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASSOCIATED BANC-CORP [ ASB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock $0.01 Par Value	09/15/2025		A(1)		45	A	$25.92	50,485	D
Common Stock $0.01 Par Value	09/15/2025		A(2)		372	A	$25.92	50,857	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate, are payable solely in shares of common stock upon vesting (subject to deferral if so elected by the Insider).

2. Fully vested dividend equivalents received on restricted stock units payable solely in shares of common stock following the date the Insider ceases serving as a director.

	/s/ Lynn M. Floeter, attorney-in-fact for Eileen A. Kamerick	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions were reported for ASBA on 09/15/2025?

The filing reports two non-derivative acquisitions: 45 shares and 372 shares acquired at $25.92 per share on 09/15/2025.

Who filed the Form 4 for Associated Banc-Corp (ASBA)?

The reporting person is Eileen A. Kamerick, a director; the form is signed by an attorney-in-fact, Lynn M. Floeter, on 09/17/2025.

What is the nature of the securities acquired by the director?

The acquisitions are described as dividend equivalent units tied to restricted stock units and payable solely in common stock upon vesting.

How many shares does the filing show as beneficially owned after the transactions?

The filing lists beneficial ownership totals of 50,485 and 50,857 shares following the reported transactions.

Does the Form 4 report any dispositions or option exercises for ASBA?

No. The Form 4 shows only non-derivative acquisitions tied to dividend equivalents; no dispositions or derivative exercises are reported.